The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
15-1052 - Receipt of federal monies; accounting; report
15-1052. Receipt of federal monies; accounting; report
The department of education shall account for all federal monies it receives in separate accounts or funds as necessary to meet accounting, budgetary and auditing requirements. The department of education may use the most efficient system of accounts and records, consistent with legal requirements and standards and necessary fiscal safeguards. The department of education shall provide a report detailing all federal monies received by the department of education, including differentiating between noncustodial federal monies and all other federal monies and how monies were allocated during each fiscal year. The department of education shall submit the report on or before December 1 of each year to the joint legislative budget committee for review.